Electro Rent Co. Plans Quarterly Dividend of $0.20 (ELRC)

Electro Rent (NASDAQ:ELRC) declared a quarterly dividend on Friday, June 7th, AnalystRatingsNetwork.com reports. Investors of record on Thursday, June 20th will be given a dividend of $0.20 per share on Wednesday, July 10th. This represents a $0.80 dividend on an annualized basis and a yield of 4.62%.

Shares of Electro Rent (NASDAQ: ELRC) traded up 0.93% during mid-day trading on Friday, hitting $17.32. Electro Rent has a one year low of $13.51 and a one year high of $18.73. The stock’s 50-day moving average is currently $17.40. The company has a market cap of $415.6 million and a P/E ratio of 18.26.

Electro Rent (NASDAQ: ELRC) last posted its quarterly earnings results on Monday, April 8th. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.02. The company had revenue of $64.70 million for the quarter, compared to the consensus estimate of $60.10 million. Analysts expect that Electro Rent will post $0.92 EPS for the current fiscal year.

Electro Rent Corporation is engaged in the rental, lease and sale of new and used electronic test and measurement (NASDAQ: ELRC) equipment.

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